This week, cryptocurrencies are on a strong upward trajectory. The anticipation of a potential Ethereum ETF approval, coupled with renewed institutional interest in crypto investment products and a technical rebound, has driven market optimism. Amidst this bullish backdrop, UNI emerges as a standout performer. Its exceptional performance can be attributed to several factors, including heightened market excitement over the potential Ethereum ETF approval, the coin’s breakout from resistance levels following a six-week correction, and the introduction of the ERC-7683 token standard by Uniswap Labs.
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